Van ECK Associates Corp Purchases 256 Shares of Charter Communications, Inc. (NASDAQ:CHTR)

Van ECK Associates Corp boosted its position in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,187 shares of the company’s stock after acquiring an additional 256 shares during the period. Van ECK Associates Corp’s holdings in Charter Communications were worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares during the last quarter. Fernbridge Capital Management LP acquired a new stake in Charter Communications during the 3rd quarter worth $48,200,000. Franklin Resources Inc. raised its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the period. Empirical Asset Management LLC acquired a new stake in Charter Communications during the 4th quarter worth $21,338,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Charter Communications during the 3rd quarter worth about $17,788,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

CHTR stock opened at $361.04 on Friday. The firm has a market cap of $51.34 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.44 and a beta of 1.11. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications, Inc. has a 12-month low of $236.08 and a 12-month high of $415.27. The company’s fifty day simple moving average is $352.53 and its 200 day simple moving average is $353.62.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the company earned $7.07 EPS. On average, analysts expect that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHTR shares. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Morgan Stanley raised their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $384.42.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.